VideoSurf, founded in 2006, is about enabling users to search, discover and watch online videos. According to the company's Web site, VideoSurf uses "patent-pending" computer vision algorithms and fast computation methods to enable computers to "'see' inside videos to find content in a fast, efficient, and scalable way." Its search system is based on image identification, not just text only.

I've asked Microsoft for comment on the reports about VideoSurf, but have yet to receive a response. (Update: See update above for the link to the press release.)